Gold futures on Tuesday edged higher, partly supported by a retreat in yields for benchmark 10-year Treasury bonds and a slide in the U.S. dollar.
August gold GCQ21, +0.13% GC00, +0.13% was trading $2.10, or 0.1%, higher at $1,896.30 an ounce, following a 0.2% decline on Tuesday, which marked bullion’s first decline in three sessions.
Wednesday’s trading comes as the 10-year Treasury yield TMUBMUSD10Y, 1.487% hit its lowest level since around March. Meanwhile, the U.S. dollar slipped below a key level at 90, down 0.1%, as gauged by the ICE U.S. Dollar Index DXY, -0.11%.
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